46623 N Grand AveMorristownAZ85342
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Morristown at 46623 N Grand Ave, Morristown, AZ, 85342 listed at $599,000 pairs $3,000/mo rent with a $2,932/mo payment. Total monthly income runs $3,000/mo. Return on cash invested measures 16.77% in year one, and rental yield registers 6.01% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 85.61% and total cumulative return in cash totals $168,718. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,000/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
2.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85342, Morristown, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 995 (100%) |
| Owner Occupied HU | 626 (62.9%) |
| Renter Occupied HU | 117 (11.8%) |
| Vacant Housing Units | 252 (25.3%) |
| Median Home Value | $478,261 |
| Average Home Value | $485,056 |
Housing Distribution
Address Breakdown
Residential
685
Single Family
315
Multi-Family
370
Businesses
33
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Listed by: Tassie Jundt • Realty Executives Arizona Territory
Mls Name: ARMLS
Mls ID: #6947710